Gold slips below Rs 1.51 lakh, silver falls nearly 2% on MCX as Fed rate cut hopes fade - Moneycontrol.com
Gold
Silver
AI desk brief
Gold slipped below Rs 1.51 lakh on MCX while silver fell nearly 2% as stronger-than-expected US inflation, a firmer dollar and rising Treasury yields pressured the complex. The piece says these factors have sharply increased expectations of a 25bp Fed rate hike this week, a backdrop that is bearish for near-term bullion pricing.
Sources used
- S1 Moneycontrol.com via Google News — Gold slips below Rs 1.51 lakh, silver falls nearly 2% on MCX as Fed rate cut hopes fade - Moneycontrol.com